EUR/USD Morning analysis 09/06
US jobless claims data come out poor, the dollar gives us a pullback from a key price point at around 104.5 and has started to print a new intraday low in its pullback structure.
This has correlated with the bad data, having EUR/USD close at the end of yesterday back above 1.076 and the dollar digging below the price sensitivity area at 103.4.
No significant news for the remainder of the week.
Looking for continuations of this dollar weakness sentiment.
Buys at 1.076 or on a break above 1.079. Can't see any sells unless the price drops below 1.07.
This has correlated with the bad data, having EUR/USD close at the end of yesterday back above 1.076 and the dollar digging below the price sensitivity area at 103.4.
No significant news for the remainder of the week.
Looking for continuations of this dollar weakness sentiment.
Buys at 1.076 or on a break above 1.079. Can't see any sells unless the price drops below 1.07.
Comment:
Comment:
Price rejecting from 1.076, can now look for buy entries